Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/23573 
Year of Publication: 
1999
Series/Report no.: 
FE Working Paper No. 9901
Publisher: 
Kiel University, Department of Food Economics and Consumption Studies, Kiel
Abstract: 
This paper analyses the flexibility decision of firms. In particular we (a) ask whether the flexibility choice is influenced by market structure (concentration, market growth, ...), (b) compare the firms' actual choices with welfare maximising flexibility decisions (c) investigate the determinants of flexibility empirically for a panel of 4-digit U.S. manufacturing industries and (d) specifically analyse the flexibility decision in the U.S. food manufacturing industries. The paper is organised as follows. The following section 2 analyses the flexibility decision of firms theoretically. Section 3 discusses the empirical results from random effects models estimated on a panel of 299 4-digit U.S. manufacturing firms whereby specific attention is given to the situation in the food industry. Section 4 concludes.
Document Type: 
Working Paper

Files in This Item:
File
Size
246.05 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.